Released on: June 25, 2008, 8:22 am

Press Release Author: Sarah Chase

Industry: Transportation & Logistics

Press Release Summary: The member lines of The New World Alliance (TNWA) and the
Grand Alliance (GA) are pleased to announce a jointly operated service from Asia to
the Black Sea starting mid-June 2008.

Press Release Body: LONDON, 25 June 2008 - The member lines of The New World
Alliance (TNWA) and the Grand Alliance (GA) are pleased to announce a jointly
operated service from Asia to the Black Sea starting mid-June 2008.

TNWA and the Grand Alliance carriers began co-operating in February this year with a
slot exchange on their respective fortnightly services to the Black Sea. The new
joint service will now provide shippers a weekly frequency with the common port
coverage.

Eight vessels will be deployed on the service. TNWA members will operate three
vessels. Grand Alliance member lines will operate five vessels. Hanjin and UASC will
keep participating in this service as slot charterers. Capacity for these eight
ships is about 5,000 TEU.

Port rotation for the Black Sea service is as follows:

TNWA service name: "EBX" (East-Mediterranean/Black Sea Express) Service
Shanghai, Ningbo, Shekou, Singapore, Suez, Istanbul, Constanza, Odessa, Constanza,
Istanbul, Damietta, Suez, Jeddah, Singapore, Shanghai.

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NOTES TO EDITORS:

About The New World Alliance: TNWA member lines Mitsui O.S.K. Lines, Ltd. (MOL),
APL, and Hyundai Merchant Marine Co., Ltd. (HMM) serve more than 50 ports using in
excess of 120 containerships in the major East-West container trades.

MOL is one of the world's largest multi-modal transport companies, operating more
than 800 vessels and employing a workforce in excess of 8,600 worldwide. MOL
operates one of the largest and most diverse networks of liner and logistics
services around the globe, including weekly Transpacific, Transatlantic, Americas
and Asia-Europe services. Please visit the company's website at www.MOLpower.com

Sarah A. Chase
Head of PR

CELEBRATING 20 YEARS IN BUSINESS
tel +44 (0)20 7689 9009
fax +44 (0)20 7689 8008
pr@imageline.co.uk
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Web Site: http://www.MOLpower.com

Contact Details: tel +44 (0)20 7689 9009
fax +44 (0)20 7689 8008
pr@imageline.co.uk
www.imageline.co.uk
www ilexhibitions.co.uk
Image Line Communications Ltd 1A Zetland House, 5-25 Scrutton Street, London EC2A 4HJ